HIM cat bond slide matches Katrina downturn

Cat bond market prices had been written down by 5.3 percent by
mid-October after hurricanes Harvey, Irma and Maria, as multiple
insurance-linked securities (ILS) transactions were expected to
respond to the disasters.
However, to date the largest known ILS loss this year came from
the recent Mexican earthquakes. And rather than the deadly Mexico
City temblor that has caused extensive (re)insurance losses, it was
the earlier, larger, but offshore quake that produced a $150mn ILS
market hit.
This